Christopher Pollon's Payday-Loan Industry

According to the Profit magazine, the cash store marked the fastest-growing company in 2007; and ever since, 2 million Canadians rely on such businesses every year. Regardless of the high demand in the market, people need to evaluate whether the payday lenders are serving or exploiting the poor. Although Christopher Pollon portrays the payday-loan industry as a modern authority that is both benevolent and coercive, he emphasizes its coercive aspect. However, this paper will argue that the payday-lenders are not as coercive as they